Haley David Justin 4

What Happened Haley David Justin, President of Medallion Bank (a unit of Medallion Financial Corp., ticker MFIN), had 7,819 shares withheld by the issuer to satisfy tax obligations arising from the vesting of previously granted restricted stock awards. The withholding was recorded as a disposition at $10.09 per share, for a notional value of $78,894. This was a tax-withholding event (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-02 (timely filing).
• Withheld shares: 7,819 at $10.09 per share; total value ~ $78,894.
• Transaction code: F (tax withholding to satisfy tax liability on vested restricted stock).
• Shares owned after transaction: not specified in the information provided.
• Footnote: Shares were withheld by the issuer to satisfy tax obligations on restricted stock awards granted under the Medallion Financial Corp. 2018 Equity Incentive Plan; transaction exempt under Rule 16b-3.

Context Tax-withholding (share retention/disposition) is a routine administrative step when restricted stock vests and does not necessarily signal insider buying or selling intent. This was not an open-market sale or a purchase; it reflects taxes withheld by the company to cover the insider’s tax liability on vesting.